Short Interest in Jin Medical International Ltd. (NASDAQ:ZJYL) Increases By 4,358.3%

Jin Medical International Ltd. (NASDAQ:ZJYL) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 147,882 shares, an increase of 4,358.3% from the July 30th total of 3,317 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 4,114,570 shares, the short-interest ratio is currently 0.0 days.

Jin Medical International Stock Performance

Shares of NASDAQ:ZJYL traded down $0.27 on Tuesday, hitting $2.77. 87,870 shares of the company were exchanged, compared to its average volume of 394,701. The company’s 50 day moving average price is $2.32 and its two-hundred day moving average price is $2.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.70 and a current ratio of 1.95. Jin Medical International has a one year low of $1.53 and a one year high of $17.00.

Jin Medical International (NASDAQ:ZJYL) last released its earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $4.46 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Jin Medical International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jin Medical International has a consensus rating of “Sell”.

Jin Medical International Company Profile

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China. Jin Medical International Ltd. is a subsidiary of Jolly Harmony Enterprises Limited.